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6.5. Deduction of Cross-Border Payments and Non-Deductible Expenses

Expenses incurred for the purpose of business are deductible unless they are specifically disallowed. The following general expense types are not deductible or have limited deductibility for tax purposes in Guernsey:

  • Personal expenses
  • Amortization of goodwill
  • Certain charitable donations
  • Income tax, fines, and penalties
  • Capital expenditure
  • Capital loss